Pensions and Savings
Item is


Rode Nielsen, Søren1, Forfatter
Hastrup, Bjarne2, Vejleder
1Det Samfundsvidenskabelige Fakultet, Københavns Universitet, København, Danmark, diskurs:7001              
2Økonomisk Institut, Det Samfundsvidenskabelige Fakultet, Københavns Universitet, København, Danmark, diskurs:7014              
skjul Ophav
Vis Ophav


Ukontrollerede emneord: Pension, Opsparing, Behavioural economics, fremskrivninger til 2050
 Abstract: In this paper I try to answer the question of what could be done to reduce retirement cost, what the reasons for such changes could be, are they fair and is it possible to uphold the same standard of living in 2050 as we experience today. If not what sacrifices needs to be made in order for the future to be sustainable and how could policy makers introduce these sacrifices with the least amount of loss? The paper introduces interesting changes to the current retirement system (both reducing expenses and increasing Net Replacement Rate among others) on data projected to 2050 in order to survey what such policy changes could mean for adequacy, equality and sustainability of the Danish pension system. The paper gives a small introduction on the current rules and regulations of the Danish retirement system, what challenges might lie ahead as well as the tradeoffs that we might encounter. The paper also contains recent findings of behavioral economics on the possibilities of individuals to optimize their own retirement savings, especially in the light of less generous public pension subsides of the future.
skjul Indhold
Vis Indhold


Søren.pdf (Hovedtekst)
Mime-type / størrelse:
application/pdf / 999KB
Copyright dato:
Copyright information:
De fulde rettigheder til dette materiale tilhører forfatteren.
skjul Filer
Vis Filer


Bogmærk denne post:
 Type: Speciale
Alternativ titel: Adequacy, sustainability and equality – considerations of the future pension system
skjul Basal
Vis Basal


Vis Links


Sprog: English - eng
 Datoer: 2013-12-06
 Sider: -
 Publiceringsinfo: København : Københavns Universitet
 Indholdsfortegnelse: Resume 2
Introduction . 7
Description of the Danish system 8
The Danish pillars 9
Possible methods of evaluating pension systems . 12
Risk of poverty . 16
Future projections . 18
Challenges of the Danish pension model 19
Savings behaviour of Danish workers 22
Active and passive savers 22
Changing behaviour . 23
Government schemes 25
Impacts of price subsidies . 26
Active savers 28
Empirical section . 31
Description of data 31
Method of calculations 35
Policy changes . 37
Increased working life . 39
Increase in ATP contribution . 42
Housing 43
Behavioural Economics 46
Assumptions of ‘normal’ economic models and their shortcomings 47
Possible explanations for the shortcomings of the descriptive power of our models 49
Counter measures to procrastination . 51
Automatic enrolment 53
The effectiveness of matching contributions 54
Simplify 56
Focal points 58
SMART . 59
Discussion 61
Mandatory plans . 62
Automatic enrolment and SMarT plan 64
Focal points and simplification aids. 65
Incentive consideration . 66
Possibilities of lowering pension expenses, including longer working lives . 70
Equality and increased ATP . 73
Possibilities of improvement . 75
Conclusion . 77
Bibliography . 80
Websites used . 83
Appendix 84
 Note: -
 Type: Speciale
skjul Detaljer
Vis Detaljer


Vis Kilde